While historically the U.S. may, on average, have produced only around 10 percent of the world’s wheat, according to the U.S. Department of Agriculture, it has consistently been the world’s biggest wheat exporter.

The world’s other large wheat exports are Canada, Australia, the EU-27, Russia, Ukraine, Kazakhstan (often referred to as “Black Sea”) and Argentina. Typically, these account for around 90 percent of the global wheat exports.

On Jan. 12, the USDA published the Foreign Agricultural Service (FAS) updates to its production, supply and distribution database and released its World Agricultural Supply and Demand Estimates (WASDE) report.